Asset Allocation

As of December 31, 2025.
Type % Net
Cash -0.08%
Stock 1.53%
Bond 96.72%
Convertible 0.00%
Preferred 0.15%
Other 1.68%
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Bond Sector Exposure

As of December 31, 2025
Type % Net
Government 8.33%
Corporate 83.69%
Securitized 1.41%
Municipal 0.00%
Other 6.56%
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Region Exposure

% Developed Markets: 89.84%    % Emerging Markets: 0.24%    % Unidentified Markets: 9.92%

Americas 85.22%
83.12%
Canada 5.30%
United States 77.82%
2.11%
As of December 31, 2025. Region breakdown data is calculated by using the long position holdings of the portfolio.
Greater Europe 3.82%
United Kingdom 1.07%
2.75%
France 0.92%
Germany 0.07%
Ireland 0.09%
Italy 0.12%
Netherlands 0.22%
0.00%
0.00%
Greater Asia 1.04%
Japan 0.34%
0.37%
Australia 0.37%
0.32%
Singapore 0.05%
0.00%
Unidentified Region 9.92%

Bond Credit Quality Exposure

AAA 1.24%
AA 8.33%
A 0.00%
BBB 4.10%
BB 39.65%
B 30.10%
Below B 10.24%
    CCC 10.08%
    CC 0.12%
    C 0.00%
    DDD 0.00%
    DD 0.00%
    D 0.05%
Not Rated 0.00%
Not Available 6.33%
Short Term 0.00%
As of December 31, 2025
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Bond Maturity Exposure

Short Term
2.49%
Less than 1 Year
2.49%
Intermediate
93.20%
1 to 3 Years
23.57%
3 to 5 Years
41.21%
5 to 10 Years
28.42%
Long Term
2.93%
10 to 20 Years
1.87%
20 to 30 Years
1.03%
Over 30 Years
0.03%
Other
1.39%
As of December 31, 2025
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